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The GST implementation was a "monumental reform" which had disruptionist impact on growth only for two quarters, Finance Minister Arun Jaitley said Sunday, hitting out at "critics and cynics" who blame it for hurting the GDP expansion. 

Union Finance Minister Arun Jaitley on Sunday defended the Goods and Services Tax (GST) as a “monumental reform”, a day after former Reserve Bank of India (RBI) governor Raghuram Rajan criticised its implementation.

The Annual Report of the Ministry of Medium, Small and Micro Enterprises for 2018 says that the share of MSMEs in GDP was 29.8 percent in 2014. It has declined to 28.8 percent in 2016. The MSMEs are losing ground. 

BENGALURU: Karnataka has attracted the maximum amount of investment proposals in the first three quarters of 2018, leaving two major states, Gujarat and Maharashtra, way behind. 

Meghalaya's largest apparel manufacturing unit near Ampati has started production after remaining idle for nearly two years.

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